Mises Wire

By ignoring the entrepreneur, mainstream economists are also removing a vital part of economics theory. It is like designing a car and leaving out the engine.

Empire creates the foundation for foreign meddling in domestic politics.

As the Federal Reserve desperately tries to force down interest rates of long-term US bonds, we should remember that the only way for those rates to effectively drop is for American savers to lower their time preferences.

While the American Revolution led to the creation of the United States, it had one sorry legacy: the proliferation of paper money. That scourge still is with us.

As governments grow in size and power, some come to believe that this growth can go on indefinitely. But state power, too, has its limitations.

As the federal government continues to metastasize, rolling back state power will have to begin with the state governments. Florida is providing some good examples.

When planes slammed into the World Trade Center Towers, the Pentagon, and in a Pennsylvania field on September 11, 2001, our world was changed for the worse. The lessons to be learned were never heeded, which led to permanent US decline.

In this week’s Friday Philosophy, Dr. David Gordon looks at philosopher Richard Miller’s stunning retreat from Marxism, the philosophy he espoused for most of his career.

Ignorance is treated as a reason to trust the state rather than a reason to withhold judgment about its exercise of coercion. To assume that the state’s unknown information is correct and justifying is therefore to err on the side of violence.

What followed 9/11 was 25 years of systematic destruction of American liberties, and the final destruction of the Bill of Rights, all in the name of "safety" and "patriotism."